2.7.21
Treasury Secretary Janet Yellen recently stated that the U.S. can return to full employment in 2022 if a robust enough stimulus package passes, according to Bloomberg. Yellen said that low-wage earners, minorities and women are suffering the most and could face “permanent” damage from a prolonged slowdown, noting that it could take until 2025 for the labor market to recover without adequate support. “We’re in a deep hole with respect to the job market and a long way to dig out,” she said.